e-cash

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

n. Money available as an electronic account, used in Internet commerce.

from Wiktionary, Creative Commons Attribution/Share-Alike License

n. money that is held, exchanged and represented in electronic form, and is used for transactions over the Internet

Etymologies

Sorry, no etymologies found.

Examples

Some see a winner-take-all economy of massive new monopolies emerging on the back of network effects, others see the growth of a new economy in which intermediaries are replaced by huge open networks of buyers and sellers trading with e-cash on anonymous electronic exchanges – and evading their taxes.

And there have been several stabs at offering friends the ability to settle-up with one another with real cash or e-cash (of which PayPal is the most successful), but those are formal and pretty heavy-weight.

Yesterday, Japan Railways East (JR East) announced that they are planning to launch a mobile based loyalty point scheme next June to compliment their mobile RFID electronic ticketing and e-cash system, Suica.

SUICA is a “multi-application wireless smart card” and contains many secure applications, a non-secure (password protected, simple security) area for simple point cards and other low security applications, and therefore can be used for many different applications concurrently, not just e-cash, or railtickets.